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‘Left, Right & Center’: The McChrystal Affair; Financial Regulation Redux

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Posted on Jun 25, 2010
Left, Right & Center
kcrw.com

On this week’s show, Robert Scheer opines that the current financial regulation bill favors big banks—here we go again—and doesn’t do much to help consumers. Meanwhile, Gen. Stanley McChrystal is free to explore other career options after his spectacular and highly public flame-out following the release of the latest issue of Rolling Stone. Lots to talk about for “Left, Right & Center” regulars Scheer, Tony Blankley and Matt Miller, and talk they do.  —KA

KCRW:

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By WriterOnTheStorm, June 28, 2010 at 10:46 am Link to this comment

Blankley uses his “rant” to defend the legacy Alan Greenspan??? Well if you’ll
pardon the pun, that’s rich.

As both a champion of Objectivism as well as a neoliberal stalwart, Greenspan has
now backed the wrong horse twice. He as much as admitted this in his
appearances at the senate hearings. So what’s Blankley really up to? Beating the
dead horse of neoliberalism is what. The greatest fear of the intellectual right is
that their cherished myths of meritocracy, individualism and free market
(deregulation) be exposed for the populist hat tricks they are.

Watching Blankley and his ilk squirm might be amusing, if only we could hope
that their epic game of three card monty wouldn’t continue to fill their pockets at
the expense of a public that doesn’t even know the game is rigged.

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By garth, June 27, 2010 at 7:40 am Link to this comment

Canards

The following is just a partial list of the canards that the media uses to constantly bombard the American people.

No on saw the Financial Meltdown coming.  No one could predict it.

The Tarp bailout was needed to save our economy. 

Why has most of the money been paid back by most of the banks?  And Why hasn’t AIG paid it back?

  My theory:  The other banks were forced to take the money to provide cover mainly for AIG and Goldman Sachs.  That money was the first payment to the winners of the whopping Credit Default Swaps bet, most of which is still unpaid.

McCrhrystal was a “Warrior”.  That makes the blood thirsty feel good about themselves as they urge the everyone within earshot to continue the war.

We have the best health care system in the world.
(Maybe for Dick Cheney.)

Entrepreneurs (read, Superman) will get us out of these economic doldrums.

BP will pay for the whole cleanup bill. 

They have Roberts, Scalia, Alito, Thomas and Kennedy on the Supreme Court who’ve probably already written that opinion as to why BP can’t be held accountable for wanton recklessness.

There are many others and they come out every day.  A tell tale giveaway to identify a canard is when you hear it repeated in the media day after day

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